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<Research>M Stanley Lists Ratings, TPs, Valuation Forecasts on CN Telecoms (Table)
Recommend
51
Positive
90
Negative
35
Morgan Stanley's report outlined its investment ratings and target prices for Chinese telecoms:

Stocks | Investment Ratings | TPs
CHINA TELECOM (00728.HK) | Equalweight| HK$5.5
CHINA UNICOM (00762.HK) | Equalweight| HK$8
CHINA MOBILE (00941.HK) | Equalweight| HK$85
CHINA TOWER (00788.HK) | Overweight | HK$12.5
CHINACOMSERVICE (00552.HK) | Equalweight| HK$4.4
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Stocks | 2026E P/E | 2026E Dividend Returns
China Telecom | 11.7x | 6.3%
China Unicom | 9.5x | 6%
China Mobile | 10.4x | 7.3%
China Tower | 10.6x | 5.9%
China Communications Services | 7.5x | 5%

Related NewsM Stanley Downgrades CN Telecoms to In-Line as Drivers of Upcycle Over Past Yrs End

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